Pzena Investment Management is a financial services organization situated in New York, New York. Richard Pzena, the firm’s chief executive officer, is in charge of it. He created the company in 1995 and has led it for more than two decades. Pzena Investment Management specializes in filtering through a plethora of firms to find the ones that are undervalued. Before the share price of its target firms rises, the company buys a stake in them. When it does, the value of its holding rises in lockstep with the target company’s stock price. Pzena Investment Management manages a $26 billion portfolio, with Halliburton Company, Edison International, and General Electric Company among its top energy holdings. Bottom-up and fundamental research on target firms are part of the firm’s investment approach.
Insider Monkey highlights ten energy stocks to buy today. TechnipFMC Plc is a company that designs, manufactures, and distributes systems and subsystems for the oil and gas industry. After Pzena Investment, John Overdeck and David Siegel’s Two Sigma Advisors are the company’s largest investors. In February 2022, Kepler Cheuvreux raised the company’s price target to $10. Cenovus Energy Inc. is a Canadian crude oil and natural gas developer and marketer. Crude oil, bitumen, natural gas, heavy oil, diesel, jet fuel, and gasoline are among the company’s offerings. Scotiabank increased its price target for the company to CAD$24 from CAD$20 in March 2022. During the fourth quarter of last year, Pzena Investment Management had 4 million Shell Plc shares, worth $174 million. A poll of 924 hedge funds conducted by Insider Monkey in Q4 2021 found that 56 had a position in the oil company. Exxon Mobil Corporation topped Wall Street with $84.9 billion in revenue and $2.05 in non-GAAP EPS. Pzena Investment Management owned 5.4 million shares in the company and had a $332 million investment. For the fiscal fourth quarter, Baker Hughes Company reported $5.52 billion in revenue and $0.25 in non-GAAP EPS. For more details, click Ten Energy Stocks To Buy Today According To Richard S. Pzena’s Pzena Investment Management.